Keep in mind you’ll need a pile of cash (mostly to cover labor as your fill your home) to start the business or get a loan to start the business.

The finder has no credit cards or no monies in his name-You find a property they approve and you sign a JV Agreement with them- They then transfer you their shares of LLC they can quickly create with escrow 100-% funded in cash money - You show up to the closing and sign the the papers saying you are a partner in XYZ LLC- The Deal is executed - You use what’s left of the cash to pay for repairs, appraisals and closing costs (as long as it doesn’t exceed a certain amount especially a good % less than the Purchase Price)- You find a cash buyer and close -Money from buyer fills the escrow under the transferable LLC stating you as a representative - You transfer the LLC back to them- They divi the money in the full escrow which gives you 25-50% for your running around (under the JV Agreement y’all signed in the beginning).

If you are a seller willing to pay portion or all of a buyer's commission, make sure your listing agent knows that and is aware of how much (This is filled out in the exclusive right-to-SELL listing contract under section 7.1.1.1.

Did you guys figure out which forms to fill out for the New Corporate Transparency Act (Fincen)?

The other alternative would be to take good videos and ask them to fill out an application.

When the sellers left, they left the dehumidifiers on and we are now removing over 2-4 gallons of water DAILY with them and it would be more if they didn't fill up then shut off. 

Just keep an eye on the community of how many rentals come up, how much they charge and how fast they fill.

I was a bit worried when I was only getting a trickle of applications, but I realized that having someone fill out my electronic application--which doesn't let you leave critical fields blank--is in itself an excellent screening tool.

I speak to Jake multiple times a day, and our families get together often).As most of you know, land lording and investing can be lonely and difficult, filled with days of despair.

So it is a disregarded entity where the tax should flow to my 401k.When I try to open a business account with Fidelity, I filled their form to explain that the owner is my 401k and the manager is me.